Word: chemstrand
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Dates: during 1952-1952
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First to collect was the Chemstrand Corp. of Decatur, Ala., a jointly owned subsidiary of the Monsanto Chemical Co. and American Viscose Corp. The NPA approved a five-year amortization (instead of the usual 20 or 25) of 50% of the cost of a $25.5 million Chemstrand factory in Decatur, and an $88.5 million company plant at Pensacola...
...charge that I.C.I, does not compete with Du Pont in the U.S., the British company bought up Providence's Arnold Hoffman & Co., Inc., last year sold $8,200,000 worth of goods in the U.S. Du Pont, accused of monopolizing nylon, voluntarily turned over its nylon processes to Chemstrand, a jointly owned subsidiary of its rivals, Monsanto and American Viscose...